Word: industriale
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When the check arrives at the Patpong Thai restaurant in Chingford, England, Reg Burrows usually pays with plastic. But Burrows, the owner of an industrial-storage-supply firm, doesn't pull out Visa or American Express. He pulls out Bartercard. As a member of the Bartercard trading network, Burrows receives...
That's harshly arbitrary, as is the fact that UAW jobs have been saved, at least for now, thanks to $60 billion of government money flowing into GM and Chrysler. Meanwhile, other companies have been allowed to croak. I can see how on macroeconomic grounds, it makes sense. Letting GM...
Could the information economy help narrow the gap between the rich and the poor? That's the implication of a sweeping new study appearing in the journal Science. The research corrals data from 21 populations - from the pre-Industrial merchants of East Anglia to the Ache foragers of present-day...
Let's now pan to a contemporary, post-Industrial society - say, the U.S. An economy based on brains and connections? That sounds about right. It's been half a century since economists first lasered in on the importance of "human capital" - the notion that what is locked up in people...
Though shipping is still the most resource-efficient way to move containers, large ships use some of the dirtiest fuel on the planet. Ships' bunker fuel is a thick, black sludge leftover from the refining process and has about 2,000 times the sulfur of regular diesel fuel. When bunker...